The organization of the Board of Directors 0f Tecnotree Corporation

Tecnotree Corporation Stock Exchange Release 19 April 2023 at 17.00 EET

The Board of Directors of Tecnotree Corporation elected today at the Annual General Meeting has held an organizing meeting. Neil Macleod was elected as Chairman and Jyoti Desai as Vice Chairman of the Board of Directors. 

The Board resolved to establish an Audit Committee, a Remuneration Committee, a Nomination Committee, a Strategy Committee and an Investment Committee. The members of the Committees were elected as follows:

• Audit Committee: Johan Hammaren (Chairman), Neil Macleod, Jyoti Desai
• Remuneration Committee: Jyoti Desai (Chairman), Neil Macleod, Anders Fornander

• Nomination Committee: Jyoti Desai (Chairman), Neil Macleod, Johan Hammaren, Conrad Neil Phoenix

• Strategy Committee: Markku Wilenius (Chairman), Anders Fornander, Jyoti Desai

• Investment Committee: Anders Fornander (Chairman), Jyoti Desai, Johan Hammaren

The Board of Directors has evaluated the independence of the Board members in compliance with the recommendations of the Finnish Corporate Governance Code 2020 and has noted that all Board members are independent of the company and with the exception of Neil Macleod and Conrad Neil Phoenix also independent of the company’s significant shareholders.

TECNOTREE CORPORATION

Board of Directors